Tuesday, January 6, 2009
Market Conditions Have Changed!
Michael Polzler of RE/MAX Ontario says that we can't be influenced by what we read in the newspapers, or on the television. It's true that the market has changed, but human nature has not. Real Estate is one of the largest investments people will make in their lifetime. It's also one of the safest. Get out and spread the word. If you bought a home in 1980 worth $67,000, that same property is valued at over $300,000 today - an increase of 350% and the profit is capital gains exempt. It's no wonder that Canada has one of the highest homeownership rates in the world, at close to 70%. No matter what the investment community will tell you, you can't live in your mutual fund!